Real Exchange Rates, Income per Capita, and Sectoral Input Shares

Distribution of per Capita Income in Georgia

Market Structure and the Persistence of Sectoral Real Exchange Rates

We examine the relationship between market structure and the persistence of US dollar-based sectoral real exchange rates for 14 OECD countries. Our empirical results based on disaggregated data suggest that differences in market structure significantly determine the rates at which deviations from sectoral purchasing power parity decay. Specifically, industries with a larger price-cost margin ar...

Real Exchange Rates and Sectoral Productivity in the Eurozone

We investigate the link between real exchange rates and sectoral total factor productivity measures for countries in the Eurozone. Real exchange rate patterns closely accord with an amended Balassa-Samuelson interpretation, both in cross-section and time series. We construct a sticky price dynamic general equilibrium model to generate a crosssection and time series of real exchange rates that c...

Per Capita Income and the Quality and Variety of Imports

We investigate how the division of aggregate income into per capita income and population affects the margins of imports. In the first part, we use data on imports of 123 countries to document a positive relationship between per capita income and both the extensive and quality margin of imports, for a given level of aggregate GDP. These relations hold at various levels of disaggregation. While ...

Correlation of Alzheimer’s Disease Death Rates with Historical Per Capita Personal Income in the USA

Alzheimer's disease (AD) is a progressive degenerating disease of complex etiology. A variety of risk factors contribute to the chance of developing AD. Lifestyle factors, such as physical, mental and social activity, education, and diet all affect the susceptibility to developing AD. These factors are in turn related to the level of personal income. Lower income usually coincides with lower le...